What does the "+3% on the way to +5%" update mean? Do I sell?

Question

Accepted Answer

It is a progress note: an open call closed 3% over its entry, on the way to the 5% target. Nothing changes: the stop, the target and day 30 stay as they were. It posts once per call, the evening the stock first closes 3% or more over the entry. It does not buzz your phone: it is an update, not a new call. The trade is unchanged: the target is still 5% over the entry, the stop still 10% under it, the time exit still day 30 (the exits). There is no half-off or stop move on the 1-2-3: the call is one target, one stop and one date.